Looks a good deal. But 18 months lock in, early withdrawer with zero interest. 🤔 probably should wait if other bank provide better deal on CNY promotion.

Btw what are the requirements to open Islamic FD?

I am just wondering then, this feature almost making it like an FD with a one month tenure right ?

Am I liable to some sort of clawback to the disbursed interests ?

It is not mandatory to disclose effective interest rates in Malaysia.  If it were so, all these bundle gimmicks would be in the drain.

Hope more posters on CIMB FD promos at least mention which town if not specific branch OTC or eFD info.

I believe the branch manager and/or RM has certain authority over waiver of certain conditions for their products.
Perhaps i am lucky

Hi, time of the year where i need to move my fd to another bank as fresh fund to catch the promotion rate.
I see often mention you guys will nego for higher rates, I usually dont get such chance to nego.
May i know if I can do it as a non premier customer with 100K+?

This for real? Sounds too good. What are the fine print?

any bank can recommend for special rate @ 100k deposit?

Ya, they initially whatapps me end of february to say my FD was due for renewal, need to top up 10k fresh fund to renew at 4.2%. I did ask them for any new promo and they say that's the current one.

On 1st March, they text again to say new promo for March, if top up 30k fresh fund, can get 4.3% instead of 4.2%. I clarified back with them after you asked and it was correct.
Luckily my FD is only due next week. 

Dunno leh. Mine is due soon. Will update here after I renew it. 

For those who don't know how to calculate, the effective rate for this bundled FD is only 3.75% p.a.  Not very attractive.  If 6% p.a. Last time more attractive as effective rate 4.5% p.a.

My CIMB 4.5% eFD was auto-renewed at 4% - why the inconsistency?    2 more maturing in mid-May, I shall see what happens then. Anyway, 4% isn't attractive enough.

Usually lower rates tend to weaken currency exchange rate. Malaysia imports quite a lot. This reduction may see increase in food and fuel prices hitting consumers directly.

Wish BNM and analysts are more grounded and mathematically capable to show how things really work practically instead of talking irrelevant macro  economic fairy tales.

No, not all abnks will give free ATM card.

For FD placement that required SA, you can request to open Basic Saving Account.
AFAIK, this is the BNM rules and regulations that all commercial banks have to offer BSA (http://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=950&lang=en)

FYI, i have opened BSA at RHB & BI recently with ATM card without charges (ATM card needed for online banking registration else you wont need it).

such minor change of interest would not likely to alter habitual saving, i don't see how it would make people spend their money off instead of keeping it in bank.